Draw SIPP without phone call?

Pat38493

It would probably be better to say to pick the "gender you were assigned at birth".

Beddie

I understand how you feel about making phone calls, I really struggle too sometimes. If I get through to someone who's a bit unhelpful or obstructive I usually have to end the call right there.

I'm willing to bet that Nutmeg does not exist in 20 years time - it'll have been merged into someone else and who knows what the rules will be by then. Good luck with getting it all sorted.

QrizB

I've reported the posts to the moderators. If @NannaH deletes them before the mods act, so much the better.

confusedfreelancer

Beddie said:

I understand how you feel about making phone calls, I really struggle too sometimes. If I get through to someone who's a bit unhelpful or obstructive I usually have to end the call right there.

I'm willing to bet that Nutmeg does not exist in 20 years time - it'll have been merged into someone else and who knows what the rules will be by then. Good luck with getting it all sorted.

It's all such a gamble isn't it? Giving money to a company and hoping they'll give you something back in a few decades.

dunstonh

confusedfreelancer said:

Beddie said:

I understand how you feel about making phone calls, I really struggle too sometimes. If I get through to someone who's a bit unhelpful or obstructive I usually have to end the call right there.

I'm willing to bet that Nutmeg does not exist in 20 years time - it'll have been merged into someone else and who knows what the rules will be by then. Good luck with getting it all sorted.

It's all such a gamble isn't it? Giving money to a company and hoping they'll give you something back in a few decades.

Except its not like that.

wjr4

confusedfreelancer said:

About £20,000. The thought that they might find a long-lost relative to give it to if I die isn't very comforting.

I do not have good enough communication skills to work with an IFA. I'm not 100% convinced I have good enough skills to get an ASD diagnosis (I've never managed to get any other health issue sorted - usually what happens is I say "I can't communicate this way" and the NHS says "well that's the only option" and then I get discharged from the service) but I'm going to try.

I'm definitely not going to risk putting any more into there. I'm looking at Interactive Investor to start a new one. The fees are a lot higher but at least I'll know I can get the money back!

I haven’t read the rest of the thread yet but I’m a financial adviser who also has ASD. You would be treated as vulnerable so the adviser would take extra care with you. Please don’t let your ASD out you off speaking with a professional  

confusedfreelancer

wjr4 said:

confusedfreelancer said:

About £20,000. The thought that they might find a long-lost relative to give it to if I die isn't very comforting.

I do not have good enough communication skills to work with an IFA. I'm not 100% convinced I have good enough skills to get an ASD diagnosis (I've never managed to get any other health issue sorted - usually what happens is I say "I can't communicate this way" and the NHS says "well that's the only option" and then I get discharged from the service) but I'm going to try.

I'm definitely not going to risk putting any more into there. I'm looking at Interactive Investor to start a new one. The fees are a lot higher but at least I'll know I can get the money back!

I haven’t read the rest of the thread yet but I’m a financial adviser who also has ASD. You would be treated as vulnerable so the adviser would take extra care with you. Please don’t let your ASD out you off speaking with a professional  

That's interesting! Do you work with clients by email? It's so much easier to take in information and make decisions when I don't have to manage a social interaction at the same time.

Malthusian

confusedfreelancer said:

It's all such a gamble isn't it? Giving money to a company and hoping they'll give you something back in a few decades.

There is no hope involved. If Nutmeg goes bust tomorrow, all the money in your pension will still be there. 
If you own a buy to let and your letting agent gets run over by a bus, your property doesn't disappear.

*edit*

I don't have anyone who could be power of attorney. I don't keep relationships that long.

You can hire a solicitor as your attorney. This is extremely expensive and a last resort. However, in this extreme scenario where the alternative is giving up all hope of accessing a pension of £20,000 in your lifetime, it would probably be margnially cheaper. 

In reality there would be two much cheaper solutions: 

• appoint a financial adviser who would intermediate on the pension fund and take instructions from you via email
• persist with Nutmeg until they made an accommodation that allowed you to have the necessary communication to satisfy their regulatory accommodations via email or a similar form. I would expect this to take a while, and probably a formal complaint, and involve more time and stress on your end than the option of using an adviser, but on the other hand it saves the adviser's fees.

wjr4

confusedfreelancer said:

wjr4 said:

confusedfreelancer said:

About £20,000. The thought that they might find a long-lost relative to give it to if I die isn't very comforting.

I do not have good enough communication skills to work with an IFA. I'm not 100% convinced I have good enough skills to get an ASD diagnosis (I've never managed to get any other health issue sorted - usually what happens is I say "I can't communicate this way" and the NHS says "well that's the only option" and then I get discharged from the service) but I'm going to try.

I'm definitely not going to risk putting any more into there. I'm looking at Interactive Investor to start a new one. The fees are a lot higher but at least I'll know I can get the money back!

I haven’t read the rest of the thread yet but I’m a financial adviser who also has ASD. You would be treated as vulnerable so the adviser would take extra care with you. Please don’t let your ASD out you off speaking with a professional  

That's interesting! Do you work with clients by email? It's so much easier to take in information and make decisions when I don't have to manage a social interaction at the same time.

I do. Are you the same with video calls? I tend to make sure my client doesn’t need to remember anything from the meeting as I write it all down for them after. This is because I know how bad my memory is with ADHD as well as ASD. 

I wouldn’t be making any drastic decisions like transferring just because of a phone call, as mentioned on here. Who knows what their process will be when you can access your pension. It isn’t lost at all so please try not to worry, I know it can be hard though! 

confusedfreelancer

wjr4 said:

confusedfreelancer said:

wjr4 said:

confusedfreelancer said:

About £20,000. The thought that they might find a long-lost relative to give it to if I die isn't very comforting.

I do not have good enough communication skills to work with an IFA. I'm not 100% convinced I have good enough skills to get an ASD diagnosis (I've never managed to get any other health issue sorted - usually what happens is I say "I can't communicate this way" and the NHS says "well that's the only option" and then I get discharged from the service) but I'm going to try.

I'm definitely not going to risk putting any more into there. I'm looking at Interactive Investor to start a new one. The fees are a lot higher but at least I'll know I can get the money back!

I haven’t read the rest of the thread yet but I’m a financial adviser who also has ASD. You would be treated as vulnerable so the adviser would take extra care with you. Please don’t let your ASD out you off speaking with a professional  

That's interesting! Do you work with clients by email? It's so much easier to take in information and make decisions when I don't have to manage a social interaction at the same time.

I do. Are you the same with video calls? I tend to make sure my client doesn’t need to remember anything from the meeting as I write it all down for them after. This is because I know how bad my memory is with ADHD as well as ASD. 

I wouldn’t be making any drastic decisions like transferring just because of a phone call, as mentioned on here. Who knows what their process will be when you can access your pension. It isn’t lost at all so please try not to worry, I know it can be hard though! 

I can manage video calls as they have captions, but find them a waste of time and energy if I can have the same information in written form. In the couple of days I would spend preparing and recovering from the call I could instead be reading and processing the information, coming up with questions to ask, doing further research, and making decisions.

I definitely won't be taking the risk of contributing any more to nutmeg. I'll think about transferring.